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Bank of Oklahoma Complaint - Bank of Oklahoma : Sharing Accounts

Review by Amanda Sway on 2010-03-10
OKLAHOMA CITY, OKLAHOMA -- When I was 17 I was in a work program with DRS called BFIT this was a way to help visually impaired and disabled students get the skills they would need to have a job in this program it was advised to me to open up a bank account. I took the advice and did just that when I got my first check, since I wasn't old enough to open one by myself I had my brother open it for me here's where the dilemma starts, after finishing up my 4 week program and a couple of months pasted I realized my money was leaving REALLY REALLY fast form my account so I receive a bank statement in the mail and what do you know it says I over drafted for almost $600 dollars, and I'm like how and so I go through the records and turns out my brother had been spending my money like crazy and instead of calling him about payments they are harassing me which I don't understand, because he was the legal one old enough to open the account my money was just going in it.

They keep calling me and calling me BANK OF OKLAHOMA never tells me that this would affect my credit in fact they never told me that I would be the one responsible for overdraft fees and with the over draft fee policy they had I should have been covered. SO not only did my brother screw up my credit now they won't leave me alone DON'T FILE WITH BANK OF OKLAHOMA they will trick you into overdraft coverage and credit fees. I repeat DON'T DO IT!!!!!!!!!
Comments:11 Replies - Latest reply on 2010-03-10
Posted by BEJ on 2010-03-10:
I may be wrong--but if his name is on the account as well as yours--they can and will take out money to cover his debts. The person you need to blame is your brother not the bank. He appears to be the one stealing from you not the bank.
Have you brought it to his attention and what has he said about taking your money?
Posted by goduke on 2010-03-10:
I really don't think that the moral of the story is avoid BOO (although there may be other reasons to do so). The moral of the story is don't open a joint account with a dead-beat criminal relative who will steal your money. Hard lesson to learn, but that's about all you can do with it, is learn a lesson. Legally he was entitled to take the money if it was there. I'd be smackin' him around a bit.
Posted by Anonymous on 2010-03-10:
goduke, This isn't a BOA complaint its a BOO complaint.
Posted by goduke on 2010-03-10:
ok...fixed.
Posted by Anonymous on 2010-03-10:
That's the dangers of sharing an account with someone or being a co-signer for something. Whatever screw ups they do, it makes you responsible for it as well whether you like it or not.
Posted by Anonymous on 2010-03-10:
If you were seventeen when you signed the contract it might be voidable depending upon the circumstances at hand. The first thing I would do is talk to Bank of Oklahoma and remind them that you were a minor when you entered into the contract. You never know they might relieve you of any responsibility. Never hurts to try. If they won't then I'd probably rehabilitate the account then close it because although you could take it to court since you're in Oklahoma County you would lose so probably not a good option.

Good 'life advice' Goduke and Bearkakitten. Words to live by.
Posted by goduke on 2010-03-10:
Isn't 17 adulthood in Oklahoma? I seem to remember folks getting married at 12......
Posted by PepperElf on 2010-03-10:
if anything, at least close your account and open your own without having ties to your brother
Posted by Anonymous on 2010-03-10:
Goduke, It's quite confusing in the law today what constitutes the age majority which in Oklahoma is technically 18 but that doesn't really mean much. You got one age for when you can drink another for when you can get married and others for all sorts of things.

Ya know if you can try an 11 year old as an adult then I see no reason why you shouldn't be able to hold an 11 year old to a legally binding contract or let a 12 year old get married. It gives me a headache just thinking about it.
Posted by Nohandle on 2010-03-10:
Agreed, your brother is at fault here. I honestly didn't realize, or had forgotten if told, one had to be a certain age to open an account at a bank. Unrelated, but food for thought, if another individual is an authorized co-signer on an account of yours and finds himself in a situation with no assets guess who is responsible ultimately when funds are needed to settle a lawsuit, for an example?
Posted by Soaring Consumer on 2010-03-10:
I suggest filing theft charges against your brother.

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